Doing business in Vietnam – Starting up and beyond

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Doing business in Vietnam – Starting up and beyond

  • What investment structures are available?
  • What employment issues should an investor be aware of ?
  • What are the foreign exchange issues?
  • How are disputes resolved?
  • What is the tax regime in Vietnam?
  • What are the financing issues?
Category:

Description

What investment structures are available?

  • Representative office or Branch
  • Direct Investment

What employment issues should an investor be aware of ?

  • Definite with the maximum duration of 36 months 
  • Indefinite

What are the foreign exchange issues?

  • Fairly straightforward
  • Must open a capital account at one bank
  • Permitted forex transactions

How are disputes resolved?

  • Investment Law

What is the tax regime in Vietnam?

  • Corporate Income Tax (CIT)
  • Withholding tax or Foreign contractors tax (FCT)
  • VAT
  • Export – Import Duties 
  • Personal Income Tax (PIT)

What are the financing issues?

  • Mortgages
  • Documentation
  • Consents and approvals 
  • Allow sufficient time to set up business in Vietnam

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